The best regulated crypto exchange
Find out why?
50 BTC prize pool!
Get your share!
I'm in

Setback for Alphabet self-driving car project Waymo

By Ramla Soni

Business mobility provider to close operations in Austin, Texas, with staff facing relocation

The self-driving technology company Waymo is closing operations in Austin, Texas.

The subsidiary of Google’s parent company Alphabet, formerly known as the Google self-driving car project, is removing employees from the facility and will offer relocation to its production centre in Detroit, or to Phoenix, Arizona, CNBC reported.

The move is said to affect fewer than 10 employees at the business mobility provider, but a number of contractors also worked in Austin. The relocations will not affect other Waymo employees.

Waymo has been facing challenges in its attempt to commercialise self-driving cars. Last month Morgan Stanley cut its valuation on Waymo by 40 per cent from $175bn (£136bn) to $105bn.

Alphabet manages over 138,000 fleet vehicles in the UK. Internationally it operates in 30 countries and manages more than 700,000 vehicles.

This mont, Alphabet expanded its offering to Norway by partnering with leasing expert Auto Plan.

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a contributor.
Subscribe to news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image